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Wetouch Technology Inc. (WETH)

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Last Post: 2/17/2021 2:40:13 PM - Followers: 65 - Board type: Free - Posts Today: 0

                                                                                                                   WETH                                                                                                                                                      

 

On 10/14/20, WeTouch Technology, Inc. reverse merged into the GLFW shell with the filing of a Form 10-12g. The stock symbol was changed to WETH. WeTouch Technology Inc. also goes by the name WeTouch Group, Sichuan VTouch Technology and Sichuan WeTouch. It is a subsidiary of Australia WeTouch, but the main operations are located in China. WeTouch, is involved in the development, manufacturing, sales and servicing of medium to large sized touchcreens. WeTouch touchscreens are used in a large range of industries, including finance, automotive, industrial, retail, gaming, lottery and medical, and the “WeTouch” brand is highly recognised and respected in these industries in China. *WeTouch Technology Inc. is the largest manufacturer of 5 wire / 4 wire resistive touchscreens and surface capacitive / projective capacitive (PCAP) touchscreen / touch monitors in China.




On 10/14/20 WeTouch (WETH) officially merged into the GLFW shell with the filing of the Form 10-12G
-WeTouch had $19 million in cash as of 6/30/20 with Total Assets of $43.2 million and Total Liabilities of $8.7 million
-WeTouch had $40 million in revenues in 2019
-WeTouch had Net Income of $13.7 million in 2019 and $11.8 million in Net Income in 2018
https://www.sec.gov/Archives/edgar/data/1826660/000149315220019460/form10-12g.htm



Wetouch started research and development for projected capacitive touch panel in early 2009, and founded Wetouch Technology Co,,Ltd( The following referred to Wetouch) in Renshou ShiGao Industrial Zone of Tianfu New Distrct with registered capital of 80 million CNY. The factory covers an area of 7,000 square meters, building area of 60, 000 square meters, with total investment of 200 million CNY.

Wetouch focus on designing, manufacturing and sales for projected capacitive touch panel from 7” to 42”,which is widely used for POS ,GPS ,Financial ,Industrial ,Lottery ,Gaming and Medical devices.

The factory was completed and was into production from September 2013, and has got government’s high-tech fund support for nearly more than 20 Million CNY. Wetouch has been qualified as Chinese bank self-service equipment and POS supplier for the size of 15”,17”,19”, while 8 to 10 inches for automotive industry.

As a leading provider of touch panel, Wetouch focuses on research and development, and has set up a professional R&D team with more than 30 engineers, sets up a research and development center for edging touch materials and new technology in Southwest Wels University. Till now, Wetouch has already got more than 10 patents, and got ISO9001, ISO14000, the FCC, CE, ROHS, TS16949 and other domestic and international certifications.

WeTouch Technology Company Website
http://www.de-wetouch.com/




WeTouch on Linkedin:

WeTouch is the largest manufacturer of 5 wire / 4 wire resistive touchscreen and surface capacitive / projective capacitive (PCAP) touchscreen / touch monitors in China
Most of our touchscreens are used in industry control, GPS, POS terminals, Medical Industry, Information Kiosk, Gaming Machine, payment kiosk and others
Company Size: 200 to 500 employees
https://www.linkedin.com/showcase/wetouchscreen



Australia WeTouch Technology LTD. Prospectus from 2017
WeTouch was going to go public on the Australian Stock Exchange (ASX) but never did
Here are some key highlights from their 2017 Prospectus:
 
Page 6 Section 1.2
The main operating entity of the Group, Sichuan VTouch Technology Limited Company (Sichuan WeTouch), is engaged in the development, manufacturing, sales and servicing of medium to large sized touchscreens. Sichuan WeTouch’s products are used in a large range of industries, including finance, automotive, industrial, retail, gaming, lottery and medical, and the “WeTouch” brand is highly recognised and respected in these industries in China
 
Page 8
Sichuan WeTouch’s touchscreen products are sold to a range of institutional customers. Its top key existing customers are: > Hong Kong Caibo Tech Co., Ltd; > Shenzhen City Diret Technology Co., Ltd; > Shenzhen Soling Industrial Co., Ltd; > Canon (Suzhou) Co., Ltd; > Multimedialink; > Mesada Technology Co., Ltd; > Siemens Industrial Automation Products (Chengdu) Co., Ltd; > Shenzhen Tokwa Precision Technology Co., Ltd; > Suzhou Weinview Co., Ltd; > Telerex Nederland B.V.; > Taiwan Yili Electronic Industry Co., Ltd; > Omron (Guangzhou) Car Electric Co., Ltd; > Hong Kong Car Control Technology Co., Ltd; > Thai International Trade (Shenzhen) Limited Division; > Computer Express LLC; > Schneider Electric (China) Co., Ltd; and > AKG Technologies Inc.
 
Page 72 Section 6 -  Financial Information
Revenue has increased from A$3.2 million in 2014 to A$4.2 million in 2015 (a 34% increase), and to A$21.3 million in 2016 (a 397% increase) - A = Australian Dollars
In the first quarter of 2017, there is an order intake amounting to 130 million RMB ($18.5 million in US dollars)
The gross margin is 30.7% in 2014, 83.5% in 2015, and 53% in 2016. 
From the second half in 2016, the company went into mass production mode resulting in lower unit production cost, and coupled with the substantial growth in overseas sales which are more profitable, saw an improvement in its gross margin compared to 2014.
https://www.upcomingfloats.com.au/Prospectus/AUSTRALIA%20WETOUCH%20TECHNOLOGY%20LTD.PDF


WeTouch 2016 Slide Presentation:
https://pdfslide.net/documents/wetouch-company-profile-201611.html


Two 2017 Articles on WeTouch:

WeTouch, which is based in Sichuan Province, has grown rapidly since it was founded in 2011 by Guangde Cai
It now employes more than 300 people in China producing medium to large size touchscreens for a variety of industries including retail, finance, gaming, health and the automotive industry.
WeTouch's customers include Siemens, Schneider Electric and Canon
https://www.manmonthly.com.au/unsw-touch-screens-wetouch

The business was founded in 2011 by Guangde Cai who is the major shareholder of the company and he had personally funded it to date, in addition to a $20 million research grant from the Chinese government.
In the past 18 months the company moved from small production runs to large scale production and this resulted in its revenue growing from $4 million to $21 million in 2016 and it's profit jumping from only $145,000 to $7 million in 2016. (Probably in Australian dollars)
https://www.afr.com/technology/chinese-touchscreen-manufacturer-wetouch-the-latest-foreign-firm-to-hit-the-asx-20170517-gw720g




WETH Insider Ownership (According to the 10Q ending 6/30/20)
*Guangde Cai - Is the majority owner of WETH  with 50.48% of Common Stock
*Guangde Cai also owns 100% of Qihong Technology LTD. (Qihong Techonology Ltd. is 100% held by WeTouch Technology)
*Guangde Cai is the majority owner and founder of WeTouch Technology 
*Jiaying Cai owns 100% of Qixun Technology Limited


WETH Share Structure (Post Reverse Merger and symbol change)
Outstanding Shares - 31,397,083 - 12/22/2020
Restricted Shares - 30,694,862 -12/22/2020
Unrestricted - 702,221 - 12/22/2020



On 9/30/20 the name was officially changed from Gulf West Investment Properties Inc. to WeTouch Technology Inc. on the NVSOS site 
*Guangde Cai, the new majority owner of WETH, is the founder and owner of WeTouch. A company that was trying to go public on the ASX stock exchange in 2017 but never did

On 10/14/20, WeTouch Technology, Inc. (WETH) officially merged into the shell with the filing of the Form 10-12g
*WeTouch has $19 million in cash as of 6/30/20 with Total Assets of $43.2 million and Total Liabilities of $8.7 million
*WeTouch had $40 million in revenues in 2019
*WeTouch had Net Income of $13.7 million in 2019 and $11.8 million in Net Income in 2018
https://www.sec.gov/Archives/edgar/data/1826660/000149315220019460/form10-12g.htm


Wetouch Technology Prospectus 1/08/21
https://www.otcmarkets.com/filing/html?id=14608590&guid=XleqUq3bRv4Dm3h
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PostSubject
#1947  Sticky Note Wetouch Technology Inc. (WETH), Now a Fully Reporting molee 12/22/20 09:07:35 AM
#1946  Sticky Note Today I reviewed WeTouch’s SEC filing for the Welcome2Pinkyland 12/18/20 11:07:16 PM
#1997   Getting some good volume today $$$ $WETH $$$ Welcome2Pinkyland 02/17/21 02:40:13 PM
#1996   Shouldn't there be new filings coming out here molee 02/11/21 09:21:19 AM
#1995   :-) Welcome2Pinkyland 02/02/21 11:54:22 AM
#1994   Lol. Clearly not enough coffee. Sorry! And since it rcaselli 02/02/21 11:34:34 AM
#1993   A better question is -> How is replying Welcome2Pinkyland 02/02/21 11:32:36 AM
#1992   How is 200 shares traded “nice volume?” Asking for rcaselli 02/02/21 11:00:27 AM
#1991   Nice volume and pps range today. $WETH $$ Welcome2Pinkyland 02/01/21 09:34:58 PM
#1990   Epic 57% bounce from my buy. #buythecry WETH rcaselli 01/27/21 10:12:12 PM
#1989   Agreed - everything is on sale :D _lance 01/27/21 12:20:31 PM
#1988   Took $3.00’s. R/R too low to pass these rcaselli 01/27/21 11:50:53 AM
#1987   It's been so strong the past month... Think _lance 01/27/21 10:51:14 AM
#1986   Problems ??? molee 01/27/21 10:48:04 AM
#1985   Looks like damage control, but the cat is BILLBOB1 01/23/21 09:58:39 AM
#1984   Ten dollar will make me holler. $WETH Welcome2Pinkyland 01/20/21 10:06:31 AM
#1983   Wee! Th $$ Welcome2Pinkyland 01/20/21 10:05:55 AM
#1982   Sweet news! $WETH $$ Welcome2Pinkyland 01/20/21 10:00:14 AM
#1981   Wetouch Technology Inc. (WETH) Receives Orders of Its molee 01/20/21 09:58:12 AM
#1980   Five Dollar make me holler $WETH Welcome2Pinkyland 01/13/21 01:50:44 PM
#1979   We’ve broken $5.00. WETH rcaselli 01/13/21 09:41:09 AM
#1978   "PROSPECTUS" filed today : molee 01/08/21 02:27:51 PM
#1977   "NOTICE OF EFFECTIVENESS" filed today : molee 01/08/21 09:28:27 AM
#1976   $WETH $4.95 Nicer rushDmoney 01/06/21 04:06:16 PM
#1975   $WETH $4.50 nice rushDmoney 01/05/21 03:52:55 PM
#1974   At least it's a start, but yes eventually Millenium323 01/04/21 12:44:46 PM
#1973   Price movement, yes. Volume, not so much.....yet. rcaselli 01/04/21 12:32:27 PM
#1972   Finally some much deserved volume and price movement. Millenium323 01/04/21 12:30:27 PM
#1971   Blue skies up yonder ... molee 01/04/21 11:38:33 AM
#1970   Four dollar holler $$$ $WETH $$$ Welcome2Pinkyland 01/04/21 11:36:31 AM
#1969   Lol WETH rcaselli 01/04/21 11:07:31 AM
#1968   Wee! Th Welcome2Pinkyland 01/04/21 10:24:03 AM
#1967   Wetouch Technology Inc. (WETH) Sees Increased Demand of molee 01/04/21 09:14:01 AM
#1966   This is awesome. Way to start off the Welcome2Pinkyland 01/01/21 12:24:40 PM
#1965   S1 filing is out ... Will the "market" molee 01/01/21 11:35:21 AM
#1964   Nope. ‘The market’ is clueless currently about $WETH- Welcome2Pinkyland 12/30/20 08:02:27 PM
#1963   Seems that someone is still putting pressure on molee 12/30/20 08:36:24 AM
#1962   Looks like Mrs. Impatience lost the 6,500 shares rcaselli 12/30/20 01:59:34 AM
#1961   Possibly . I think I just saw that molee 12/24/20 12:50:06 PM
#1960   Maybe they’re gaming with that block. WETH rcaselli 12/24/20 12:48:01 PM
#1959   So some ass puts up a 6500 block molee 12/24/20 10:17:12 AM
#1958   Yes sir $$$ Welcome2Pinkyland 12/23/20 05:23:02 PM
#1957   ....tight! WETH rcaselli 12/23/20 05:17:59 PM
#1956   $WETH Free trading shares only 702k: Welcome2Pinkyland 12/23/20 04:10:51 PM
#1955   And SEC reporting Welcome2Pinkyland 12/22/20 08:35:28 PM
#1954   Gotta love getting current Stevie G83 12/22/20 03:04:39 PM
#1953   Looking good $ Welcome2Pinkyland 12/22/20 12:59:41 PM
#1952   Getting some LOVE right now at the ask molee 12/22/20 12:59:01 PM
#1951   Boom! $WETH a fully reporting SEC company $$ Welcome2Pinkyland 12/22/20 12:58:09 PM
#1950   I agree . Filings updated .. PR their molee 12/22/20 12:07:11 PM
#1949   They are doing a good job of moving Millenium323 12/22/20 12:03:55 PM
#1948   Nice news here. Time to start moving up. tbattaglia 12/22/20 09:15:32 AM
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